Reports Q4 revenue $96.47M, consensus $94.98M. Neil Shah, Hersha’s CEO, stated, "Our comparable portfolio exceeded our 2019 RevPAR and EBITDA production in every month of the fourth quarter. This outperformance is especially meaningful, not only because it is significantly ahead of our internal and industry analysts’ recovery timelines, but also due to the additional runways for recovery that we expect lie ahead, particularly in urban markets, which are forecasted to generate approximately 60% of our EBITDA in 2023. In the fourth quarter, Manhattan, South Florida, and Boston experienced the most notable growth, and were our top three EBITDA producing markets."
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